Income producing land! +/- 25.15 acres of timber in 7 parcels located in city limits of Nelsonia in Accomack County, VA. The ownership has 1,200 +/- feet of road frontage on the east side of Lankford Highway with four active metal/concrete billboard signs that produce $2,350 per sign each year through Chesapeake Outdoor. Total annual income is +/- $9,400. The current lease rate is good through March 31, 2028 and will be increased to $2,500 per sign per year from April 1, 2028 through March 31, 2033. Great opportunity to own significant road frontage along route 13 with passive income.
Property Type :
Land
County :
ACCOMACK
Style :
Land
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ByOwner last updated this listing 05/04/2024 @ 04:13
MLS: VAAC2000754
LISTED BY: Benjamin Alder , The Land Group
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
